Wednesday, November 16, 2011

Strong Anti-Inflation Measures Were Called For...

and Henry I provided them.

He was off fighting in Normandy, and sent word back to England that he needed a whole mess of silver coins shipped across the Channel to pay his soldiers. But when the coins arrived, they were found to be much lighter than they had ought to be.

Henry's solution was to have all the moneyers in England called to Winchester Cathedral, where they had their right hands and their dingle-dongers cut off.

My guess is inflation didn't rear its head again for a good while, while some others heads never reared again at all.

1 comment:

  1. Kind puts in perspective Rick Perry's suggestion to treat inflationists "real ugly"!


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